A Business Pays $500 Cash for Office Supplies

question 30

Multiple Choice

A business pays $500 cash for office supplies.Which of the following accounts is debited?

• A)Cash
• B)Accounts Payable
• C)Office Supplies
• D)Utilities Expense

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Definitions:

Traffic Ticket

A notice issued by law enforcement to a motorist or pedestrian for violating traffic laws.

Hostile Comments

Negative or aggressive remarks directed towards a person, often intended to hurt or offend.

Displacement

In psychoanalytic theory, a defense mechanism involving the transfer of an unwanted feeling or thought from one object or person to another that is less threatening.

Earlier Stage

A phase or period that takes place at the beginning of a process or sequence.